Anteraja Service And Autopedia Hoist The Optimism Of Adi Sarana Owned By Conglomerate TP Rachmat To Target Revenue And Profit Growing Up To 30 Percent

JAKARTA - PT Adi Sarana Armada Tbk (ASSA) is optimistic that it can continue its significant performance growth in 2022. The company owned by conglomerate Theodore Permadi (TP) Rachmat is targeting double-digit revenue and net profit growth of over 30 percent.

President Director of Adi Sarana Prodjo Sunarjanto said the company's optimism was driven by the exponential growth in the performance of Anteraja's last-mile delivery business line.

"This year, Anteraja will still be the company's largest contributor with a target of more than 50 percent," said Prodjo in his statement, Monday, February 28.

Prodjo said that the express logistics industry, including Anteraja, continues to grow along with the increasing number of transactions through the marketplace, as well as the implementation of restrictions on community mobility by the Government.

Until the end of December 2021, Anteraja recorded a delivery volume of 1 million packages per day, and Anteraja is targeted to deliver 1.5 million packages per day by the end of 2022.

The company also estimates that revenue will grow by around 50 percent by the end of 2021. Anteraja contributes profits to the company with growth reaching up to three digits, which is around 150 percent.

Furthermore, Prodjo explained, in January 2022 the company had succeeded in turning one of its subsidiaries, namely PT Autopedia Sukses Lestari (ALSC), into a public company with a total issued capital of 20 percent.

Meanwhile, ASLC will focus on running a business in the field of auctions, as well as buying and selling cars online to offline (O2O) through the JBA Indonesia and Caroline.id trademarks. Caroline is an O2O used car dealer to serve the buying and selling process of used vehicles.

The Company sees the opportunity for the used car market in Indonesia is still very large, as well as good business growth prospects, as the right momentum for the Company to conduct an IPO this year with the acquisition of funds of around IDR 652.6 billion.